Apartment for Sale
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Where Else Can you Invest and Benefit from a 7%+ Nett Return?Property ID 1716475Located level 10 in the building, this fully furnished studio is now available for sale. Unlimited potential and no use limitations for an investor, or as a stop over home-base for you while in Brisbane, or for your family to use attending University - total autonomy over this asset.
Currently demonstrating strong back to back continued rent income on a long term lease until 17 December 2017 at $310 per week. A 7%+ nett return !
This unit is a highly sought after unit type in the Shafston Mansions building and includes a full inventory of furniture.
The flawless positioning of the iconic Shafston Mansions building integrates university students or young professionals with the extensive list of amenities in both the building and the local area have to offer.
The Shafston Mansions building boasts an array of amenities such as a recreational lounge, on-site laundry, fully equipped indoor and outdoor gym, cafeteria as well as photocopying/printing facilities. Further to this, the onsite management team are present 24 hours a day to attend to all related tasks and with secure swipe card access throughout the building - security is not an issue.
You have total autonomy over your asset as this studio can be owner occupied, or managed by any agency of your choice or directly managed by yourself.
With the Brisbane traffic levels on the rise, this property is in a prime position with very close proximity to both City Cat & City Hopper Ferry Services (5 mins walk), bus services as well as a City Cycle station close by. Further to this, there are a range of local cafes, restaurants, supermarkets and bars nearby.
Currently, this apartment is evidencing a rental income of $310.00 per week gross on a long term lease through to 17 December 2017 plus all associated costs such as body corporate fees, council rates and water.
Important Financial Points:
- $310.00 per week gross rental income
- Body Corporate Fees: $2,473 per year (Free Electricity & High Speed Internet Provided within this)
- Council Rates: $1,254.20 per year
Important Property Points:
- 1 Bedroom, 1 Bathroom
- 21sqm Internal Floor Area
- Situated on the 10th Floor facing East
- Fully Furnished and Equipped
- 24 Hour On-Site Management & Secure Access
- Electricity & High Speed Broadband (approx 16gb per week) provided by the Body Corporate
- Recreational Lounge, Fully Equipped Gym & Cafeteria
- City Cat, City Hopper, Bus & City Cycle Services all close by
Contact Stephen Pahl on 0404266085 for your private inspection.
*Please advise the agent in writing before placing an offer if you require Foreign Investment Review Board approval (FIRB). Please visit - https://firb.gov.au/ for further details.
Close to Schools
Close to Shops
Close to Transport
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.